Reltio, Inc., Corporation just filed form D announcing $22.34 million equity financing. This is a new filing. Reltio was able to finance itself with $21.85 million. That is 97.79% of the financing round. The total offering amount was $22.34 million. The offering form was filed on 2016-10-18. The reason for the financing was: unspecified. The fundraising still has about $493,494 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Reltio is based in California. The firm’s business is not disclosed. The form D was signed by Manish Sood President and CEO. The company was incorporated in 2011. The filler’s address is: 100 Marine Parkway, Suite 275, Redwood Shores, Ca, California, 94065. Manish Sood is the related person in the form and it has address: 100 Marine Parkway, Suite 275, Redwood Shores, Ca, California, 94065. Link to Reltio Filing: 000168550516000001.
Analysis of Reltio Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Reltio sold 97.79% of the offering. The fundraising is still open. Could this mean that the trust in Reltio is high? The average fundraising amount for companies in all industries in our database is $3.05 million. The total amount raised is 616.42% bigger than the average for companies in the database. The minimum investment for this offering is set at $0. If you know more about the reasons for the financing, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Reltio Also
The Form D signed by Manish Sood might help Reltio, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.